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Sector Update: Financials

By: MT Newswires
Posted: 11/7/2013 8:02:00 AM
Referenced Stocks: NRZ;STWD

Financial shares are mixed in pre-market trade today as investors await U.S. GDP growth data and the European Central Bank meeting.

In financial stocks news, Starwood Property Trust ( STWD ) reports $0.61 per share in core earnings. Its earnings beat analyst estimates of $0.54 per share, according to Capital IQ estimates.

For 2013, the company is tightening its range of core earnings to $1.95 to $2.10 per diluted share from $1.90 to $2.10 per diluted share.

And, New Residential Investment Corp. ( NRZ ) reports core earnings of $38 million, or $0.15 per share for Q3, which was flat from the quarter prior. It declared a dividend of $0.175 per share

NRZ closed down 1.5% yesterday, trading in a 52-week range of $5.85 to $7.29.